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The Supreme Court's LaRue Decision, and What it Means for Retirement Plan Fiduciaries

In February 2008, the U.S. Supreme Court held that Section 502(a)(2) of ERISA authorizes recovery for fiduciary breaches that impair the value of plan assets in a participant's individual account. [LaRue v. DeWolff, Boberg & Associates, Inc., et al., 128 S. Ct. 1020 (2008).] This article will discuss the opinions handed down by the Justices and the significance of the decision for retirement plan fiduciaries.